There has been an increased interest in solar panel installations in Tenkasi, a town located in southern India. Given the fact that it is blessed with abundant sunshine and a growing consciousness on renewables, more homeowners and businesses are looking to move over to solar power in Tenkasi. When people think about installing solar panels, one of their frequently asked questions concerns the cost. This post will provide you with all the necessary information to enable you make an informed decision regarding the cost of solar panel installation in Tenkasi.
Average Cost of Solar Panel Installation
The average amount that people pay for installing photovoltaic systems in Tenkasi can vary greatly depending on system size, type of panels used and installation complexities among other factors. Most individual families spend around Rs 100000-300000 on fixed standard PV installations.
Government Subsidies and Incentives
For instance, Indian government’s subsidies and incentives aim at encouraging households to install PVs as alternative energy sources. Homeowners in Tenkasi should therefore take advantage of these schemes offered by their local administrations towards lowering costs associated with acquisition of their newly acquired rooftop photovoltaic systems. Hence find out if there are any incentives available from your local government or discuss with a solar panel installer for clarification.
Return on Investment
While high upfront costs may be discouraging, but when you look at the long-term savings and return on investment (ROI), it’s a different story altogether… Suddenly your electricity bills will reduce significantly while you could even start earning money selling excess electricity back into the grid owing to the presence of those panels on your roof! In majority instances though some exceptions might exist but residents here can anticipate making returns within five years since they first purchased these items.
Financing Options
However, if you can’t afford to buy them upfront, there are several financing alternatives open for consideration when it comes to funding solar panel installation costs. In addition, banks may be willing to give solar loans that enable you to finance your solar panels over a period of time. Besides, there might be some solar panel companies in Tenkasi that provide leasing or power purchase agreement options, where you can pay for the electricity generated by the panels rather than buying the panels outright.
Choosing the Right Installer
In this case it is vital for any prospective customer who wants to install a solar panel system in Tenkasi to conduct thorough research before making any decision and go for a reputable and experienced installer. Ensure that they are Ministry of New and Renewable Energy (MNRE) accredited and have handled such projects successfully before. A wrongly selected installer means an improperly installed or poorly functioning PV system which will not last long because it was never designed well enough to do so in the first place.